Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Hits New 12-Month High – What’s Next?

Shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $35.94 and last traded at $35.96, with a volume of 1407 shares trading hands. The stock had previously closed at $35.92.

Invesco S&P 500 QVM Multi-factor ETF Price Performance

The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 25.29 and a beta of 0.98. The stock has a 50-day moving average of $35.14 and a 200-day moving average of $34.01.

Institutional Investors Weigh In On Invesco S&P 500 QVM Multi-factor ETF

Several large investors have recently made changes to their positions in the business. RPg Family Wealth Advisory LLC bought a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF in the third quarter valued at $5,727,000. Cetera Investment Advisers raised its stake in Invesco S&P 500 QVM Multi-factor ETF by 1.0% in the 2nd quarter. Cetera Investment Advisers now owns 140,360 shares of the company’s stock valued at $4,546,000 after acquiring an additional 1,390 shares during the period. Finally, Jane Street Group LLC purchased a new stake in Invesco S&P 500 QVM Multi-factor ETF during the third quarter valued at about $625,000.

About Invesco S&P 500 QVM Multi-factor ETF

The Invesco S&P 500 QVM Multi-factor ETF (QVML) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks a market-cap-weighted index that selects the top 90% of stocks in the S&P 500 based on three factors: quality, value, and momentum. QVML was launched on Jun 30, 2021 and is managed by Invesco.